Sep 18, 2014 10:56 AM ET
Australian market indexes edged lower after crude oil price heat a two-year low. With the weakening demand from China, coal and iron ore prices also traded lower. Arrium Limited plunged 29% after the energy explorer completed first tranche of $754 million.
Sep 18, 2014 9:36 AM ET
Apollo Tyres plans to invest up to €475 million in Hungary. BHEL secured contract for Rs 3,536 crore from Gujarat State Electricity Corp. L&T won an order to construct an airbase in Oman.
Sep 17, 2014 12:44 PM ET
Auxilium Pharma received $2.2 billion offer from Endo International. Adobe net plunged 46% on flat revenues. Cracker Barrel net soared 14%. FedEx net surged 24%. General Mills net tumbled 25%. Lennar profit climbed 47%.
Sep 17, 2014 12:09 PM ET
Stocks on Wall Street edged higher and reported measure of inflation declined for the first time in eighteen months. Home builder’s confidence increased to a nine-year high. China steps up courting India to bolster trade ties following Modi’s visit to Japan.
Sep 17, 2014 11:02 AM ET
DS Smith climbed on positive outlook. Inditex net slipped 2% to €928 million but sales jumped 6%. JD Sports profit climbed 154% and revenue surged 27% to £722 million. Smiths Group profit plunged 26% to £235 million but sales declined 5% to £2.9 billion.
Sep 17, 2014 10:42 AM ET
Stocks in Japan closed lower for the second day and the Topix index declined for the first time after rising for six days in a row. China’s Premier Xi Jinping arrived in India and finalize talks on setting up trade zones and increase infrastructure investment.
Sep 17, 2014 9:38 AM ET
Australian market indexes declined for the sixth day in a row and losses were trimmed after China announced more capital infusion in banking system. Iron ore prices traded near six-year low and coal miners took another hit on the worries of import restrictions in China.
Sep 17, 2014 9:10 AM ET
Apollo Hospitals agreed to acquire pharmacy stores from Hetero Med Solutions for $24 million. Aurobindo Pharma received U.S. regulatory approval to market infection and stomach ulcer treatment generic drug. GMR Infra plans to raise Rs 1,500 crore through a rights offering.
Sep 16, 2014 1:02 PM ET
Stocks on Wall Street advanced market indexes rebounded ahead of Fed policy statement tomorrow. The California Public Employees’ Retirement System decided to divest its entire $4 billion or 1.3% of total investment asset in hedge funds.
Sep 16, 2014 12:22 PM ET
Apple said pre-orders for iPhone 6 and 6 Plus exceeded four million on first day. Analogic net declined 4% after revenue plunged 15%. FactSet Research net jumped 7% on 9% increase of revenue. Humana plans for $2 billion stock buyback.